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China to cut import tariffs on some automotive components from 2020

On December 23, the Customs Tariff Commission of the State Council of China announced that China will implement a provisional import tax rate lower than the MFN (most-favored-nation) tax rate for more than 850 imported commodities from January 1, 2020. China will also cut the MFN tax rate applied to 176 IT products f....

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